Salt Lake Utah Acuerdo de licencia no exclusiva de la invención - Invention Nonexclusive License Agreement

• Category: Licencias - Contratos - No exclusivos
• State: Multi-State
• County: Salt Lake
• Control #: US-04059BG
• Format: Word

Description

A license or a patent is a mere permission to make, use, or sell the patented or secret process. In effect, it is a waiver of the owner's right to sue for infringement. Accordingly, a licensee does not acquire legal title to the patent right or process. An exclusive license gives the licensee the right to use the patent or process free from any infringement suit, and the right to exclude all others. A nonexclusive license grants a privilege of protection from infringement claims by the owner of the patent or process. Salt Lake Utah Invention Nonexclusive License Agreement is a legal contract that outlines the terms and conditions for granting a nonexclusive license for an invention created in Salt Lake, Utah. This agreement allows the inventor (licensor) to provide the right to use, manufacture, market, and sell their invention to another party (licensee) without excluding other individuals or organizations from obtaining a license for the same invention. The Salt Lake Utah Invention Nonexclusive License Agreement is designed to protect the rights of both the licensor and licensee. It clearly defines the scope of the license, limitations on its use, and commercialization rights. The agreement typically includes the following key elements: 1. Parties involved: Clearly identifies the licensor, who is the inventor, and the licensee, who desires to use the invention. 2. Description of the invention: Provides a comprehensive description of the invention and its purpose to ensure everyone understands what the license covers. 3. Grant of license: States that the licensor grants a nonexclusive license to the licensee to use, manufacture, market, and sell the invention. 4. License fee and royalties: Specifies the financial terms, such as the upfront license fee or ongoing royalties paid by the licensee to the licensor. 5. Duration of the license: Clearly defines the length of the license agreement, which can be for a fixed term or until a specific event occurs. 6. Intellectual property protection: Outlines the licensor's rights to protect their invention from being used or copied by others, including patenting or filing trademarks if required. 7. Restrictions and limitations: Sets forth any restrictions on the licensee's use, modifications, sublicensing, or transfer of the license to another party. 8. Termination and breach: Describes the conditions under which either party may terminate the agreement and the consequences of breaching any terms. 9. Governing law and jurisdiction: Specifies the governing law of the agreement (usually Utah state law) and the jurisdiction where any disputes will be resolved. Different types or variations of the Salt Lake Utah Invention Nonexclusive License Agreement may arise based on specific circumstances or industries. For example, there could be a variation for technology-based inventions, biomedical inventions, or even specific sectors such as software development or pharmaceuticals. These variations address industry-specific regulations, patent laws, or concerns related to the particular invention's market. In conclusion, the Salt Lake Utah Invention Nonexclusive License Agreement provides a framework for inventors in Salt Lake City, Utah, to grant nonexclusive rights to a licensee for the use, manufacture, marketing, and sale of their invention. It serves to protect the interests of both parties involved while facilitating the commercialization and development of innovative technologies.

Salt Lake Utah Invention Nonexclusive License Agreement is a legal contract that outlines the terms and conditions for granting a nonexclusive license for an invention created in Salt Lake, Utah. This agreement allows the inventor (licensor) to provide the right to use, manufacture, market, and sell their invention to another party (licensee) without excluding other individuals or organizations from obtaining a license for the same invention. The Salt Lake Utah Invention Nonexclusive License Agreement is designed to protect the rights of both the licensor and licensee. It clearly defines the scope of the license, limitations on its use, and commercialization rights. The agreement typically includes the following key elements: 1. Parties involved: Clearly identifies the licensor, who is the inventor, and the licensee, who desires to use the invention. 2. Description of the invention: Provides a comprehensive description of the invention and its purpose to ensure everyone understands what the license covers. 3. Grant of license: States that the licensor grants a nonexclusive license to the licensee to use, manufacture, market, and sell the invention. 4. License fee and royalties: Specifies the financial terms, such as the upfront license fee or ongoing royalties paid by the licensee to the licensor. 5. Duration of the license: Clearly defines the length of the license agreement, which can be for a fixed term or until a specific event occurs. 6. Intellectual property protection: Outlines the licensor's rights to protect their invention from being used or copied by others, including patenting or filing trademarks if required. 7. Restrictions and limitations: Sets forth any restrictions on the licensee's use, modifications, sublicensing, or transfer of the license to another party. 8. Termination and breach: Describes the conditions under which either party may terminate the agreement and the consequences of breaching any terms. 9. Governing law and jurisdiction: Specifies the governing law of the agreement (usually Utah state law) and the jurisdiction where any disputes will be resolved. Different types or variations of the Salt Lake Utah Invention Nonexclusive License Agreement may arise based on specific circumstances or industries. For example, there could be a variation for technology-based inventions, biomedical inventions, or even specific sectors such as software development or pharmaceuticals. These variations address industry-specific regulations, patent laws, or concerns related to the particular invention's market. In conclusion, the Salt Lake Utah Invention Nonexclusive License Agreement provides a framework for inventors in Salt Lake City, Utah, to grant nonexclusive rights to a licensee for the use, manufacture, marketing, and sale of their invention. It serves to protect the interests of both parties involved while facilitating the commercialization and development of innovative technologies.

Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés. For your convenience, the complete English version of this form is attached below the Spanish version.